East energy resource EER has to be the cheapest thermal coal...

  1. 2,917 Posts.
    East energy resource EER has to be the cheapest thermal coal resource on the ASX.
    Noble cornerstone investor and Noble executive sitting on the board of EER;
    MDLa will be submitted once resource is upgraded to indicated category;
    JORC indicated resource will more than likely exceed 1bt, plus the infered resource - 2bt likely(plus northern portion of tenement to go) !
    Majority of resource only 12m below surface, making it one of cheapest mining operation!
    Calibre rail designing rail options, same mob designing hancock's rail;
    close ties with Hancock coal and in discussion to use there rail;
    At the end of this month over $6m in the bank, enough for feasibility on the project;
    Lincs sale of carmicheal tenement values EER's Blackall tenement at over $400m

    This stock has huge potential
 
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